Apartment for sale in Camins al Grau, Valencia city, Valencia

Apartment building for renovation for sale - Avenida del Port, Valencia

A unique investment property is offered for sale - an apartment building located on Avenida del Port, one of the main avenues of Valencia with convenient access to the city center, beaches and port.

Building characteristics:

Year of construction: 2008
Total area according to documents: 810 m2
Actual area: 952 m2
Number of floors: 7 floors
Currently 13 cadastral numbers are registered:
5 apartments of 59 m2
5 apartments of 77 m2
1 ático (penthouse) 36 m2
2 bajo (first floor) — 42 m2 and 52 m2

Plan after reconstruction:

Possibility of conversion into 24 studio apartments for medium-term or long-term rent
Prospect of transformation of up to 50% of the building into an apart-hotel
Possibility of changing the project and purpose of the premises: for example, the first floor can be adapted for commercial use (cafe-bar, office, etc.)

Current status and documents:

Permission for connection water
Permission to connect electricity
Permission to repair the first floor

Investment advantages:

Excellent location near the port, beaches and the business center of Valencia
High potential for profitability when renting out
Possibility of flexible project planning for the buyer's purposes (housing, apart-hotel, commercial)
Modern building (2008), does not require a global reconstruction of the structure, only updating and adaptation to the new project.